Pittsburgh City Council delays vote on property tax increase
Pittsburgh property owners would pay more next year in real estate taxes under legislation City Council introduced Monday.
The bill would increase the city tax rate by 0.5 mill to 8.06 mills, up from 7.56 mills.
Mayor Bill Peduto sought the increase to plug a budget hole that he blamed on rising costs and a tax rate decrease triggered by Allegheny County’s property reassessment in 2013.
The tax increase, if approved, would produce slightly less than $8 million a year and, on average, cost the owner of a $100,000 home about $40 more a year, Peduto has said.
Council postponed a vote on the legislation until after it holds a public hearing. The hearing has not been scheduled.
City Council last raised the real estate tax rate in 1990 when the millage went from 151.5 mills to 184.5 mills, according to annual reports from the controller’s office.
Bob Bauder is a staff writer for Trib Total Media. Reach him at 412-765-2312 or email@example.com.